By: BG
My order of preference: * Let them all expire: we have two wars to pay for. * Extend for those under certain threshold — I don’t like the wording, because leaving the rates unchanged for the lower...
View ArticleBy: Eric
Oi…don’t even get me started on the political fail that is the new Congress next year…
View ArticleBy: David Stewart
The tax cuts need to be extended for all income levels. We are facing a near 1 in 5 unemployment statistic when you consider those working part-time and those who have given up their job search due to...
View ArticleBy: Liz
I agree with how they extended the bush Tax Cuts as Warren Buffett the rich have NEVER had it better it’s time for them to start kicking in again. As for the tax cuts creating jobs my question is where...
View ArticleBy: erik
I say keep the cuts for all but the top tier. It’s an personal income tax, not a business tax. As a business owner, if you are pulling a six-figure income for yourself out of the profits of your...
View ArticleBy: jim
I am guessing they will be extended for most everyone. I’m thinking there may be some sort of compromise for very high income people. Where they get a partial extension or it is extended for everyon...
View ArticleBy: Nickel
BG: Regarding your bullet point #2, I agree that the wording (mine and elsewhere) is poor, as the lower rates in lower brackets affect everyone equally, even if you make a ton of money and your top...
View ArticleBy: george withaj
I agree with the President.Keep the tax cuts for those making less than 250k.Let the them expire for the top 2%. 700 billion in 5 years would be generated by allowing the tax cut to expire for the top...
View ArticleBy: Heather
Tax cuts should be extended for all classes since higher earners can’t be punished for working hard and being successful. The representatives from the whole political spectrum need to find a way to...
View ArticleBy: Patrick
I think the most important thing that needs to be done is to put something in writing so people can have time to properly plan for the future. I also think that they need to stop punishing investors....
View ArticleBy: Nickel
Patrick: The other side of that coin is that if people are expected to pay social security taxes on a larger amount of income, then they will expect to receive more in the way of benefits.
View ArticleBy: Patrick
If benefits are tied directly to how much you contribute to the system then I have no problem with that scenario. Right now you have people living off of the system that contribute nothing to society...
View ArticleBy: RAY
1)Extend the tax cuts for the 98% taxpayers. 2)Allow the 2% taxpayer various tax credits: a)investment tax credit of 20% on equipment mfg.or assembled in the USA for 50% or more. b)jobs credit of 20%...
View ArticleBy: Ryan@theFinancialStudent
A lot of people are against raising the tax rates on the highest earners because they’re typically business owners who supposedly “create jobs”. Yet…these tax rates have been in effect for 10 years. So...
View ArticleBy: Patrick
In 2001 there were 1,581,959 jobs created. In 2003 there were 1,559,952 jobs created. In 2009 there were 1,047,299 jobs created. All data from the US Dept of Labor.
View ArticleBy: Patrick
If you go to the Dept of Labor website you can look at the number of jobs created by month for the last ten years and amazingly enough, if you look at the trailing 12 months from the 2001 tax cut there...
View ArticleBy: Erik
@15 Playing the wealth envy card, are we? Makes for a pithy post, but it is ignoring the reality of the situation: This country has bills to pay, obligations to meet. How do you propose we meet these...
View ArticleBy: Mike Dunham
I tend to agree with Erik, with the added observation that unless we figure out the big pink elephants like defense spending, Medicare, Social Security, etc., debating over a few million in extra tax...
View ArticleBy: BG
#17 Mike) Social Security is funded with it’s own tax: the payroll tax. This budgetary item is easy to look at and see that it is a self-funded program, and it’s tax has brought in a surplus into the...
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